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Bulk of electric coop loans funneled to calamity-related borrowings

Published April 21, 2021, 7:00 AM With many of the country’s electric cooperatives (ECs) still getting back on their feet following last year’s wallop of disasters and most still prepping for recovery from the health crisis, the National Electrification Administration (NEA) reported that loan portfolios extended to these rural power utilities reached P102 million within first quarter this year. The government-run agency’s Accounts Management and Guarantee Department (AMGD) stated that a s...
Camarines Sur Davao Del Norte Edgardor Masongsong Oriential Mindoro National Electrification Administration Marinduque Electric Cooperative Inc
Source: mb.com.ph

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